Mutual savings banks are primarily regulated by

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Business

Dominik Banks

13 May, 01:38

Mutual savings banks are primarily regulated by

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Caylee Singh · Answer 1

Mutual savings banks are primarily regulated by the states in which they are located.

To add, a mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, that is owned by its members who subscribe to a common fund. From this fund claims, loans, etc., are paid. Profits after deductions are shared among the members.